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Wednesday, 18 January 2012

DAILY STOCK MARKET UPDATE:18.01.2012


Stock



Karachi Stocks Up 109.94 Points:
KARACHI, Jan 18: The KSE-100 index was at 11415.10, up 109.94 points.

January 17, 2012


TOP  5  SCRIPTS GAINERS AND LOOSERS:
Nestle Pakistan
Rs 138.80
Shell Pakistan
Rs (2.98)
Rafhan Maize
Rs 110.60
Gillette Pakistan
Rs (1.99)
Unilever Pakistan
Rs 82
Pak Suzuki
Rs (1.80)
Millat Tractors
Rs 19.77
JDW Sugar
Rs (1.71)
Al-Ghazi Tractor
Rs 9.05
Hino Pak
Rs (1.48)

KSE 30 – Shares Index
Previous 10,272.98, Tuesday’s 10,429.45, plus 156.47 points
KSE 100 – Shares Index
Previous 11,112.65, Tuesday’s 11,305.16, plus 192.51
MARKET CAPITALIZATION
Previous Rs2,890.629bn, Tuesday’s Rs2,938.121bn, plus Rs47.492bn
VOLUME LEADERS
Engro Corporation 5.977m, Lotte Pakistan 5.036m, Silkbank 4.654m, Fauji Fertiliser Bin Qasim 3.739m, Fatima Fertiliser 3.676m.
TOTAL VOLUME
53.112m shares
TOTAL
TONE: Firm, total listed 638, actives 321, inactives 317, plus 141, minus 90, unchanged 90

Equities maintain creeping rally
KARACHI, Jan 17: The shares market on Tuesday maintained its creeping rally on renewed support, aided partly by reports of higher corporate earnings and partly to some positive developments on the political front after the prime minister announced to appear before the apex court in the contempt case.
“The epic constitutional battle may not be nearing an end but has showed signs of first blinking on the part of one of the contenders,” said a leading analyst Ahsan Mehanti, commenting on prime minister’s willingness to appear before the apex court bench.
He said some of the leading investors who could peep through the future political trends were among the trend-setters and were actively followed by the others.
The KSE 100-share index posted a fresh sharp rise of 192.51 points or 1.7 per cent at 11,305.16 as compared to overnight’s 11,112.65 as aided by fresh increase in OGDC followed by active follow-up support.
Index-heavy OGDC and Engro Corporation were among the star performers on the strength of higher earnings and lower rates and sent a wave of optimism in the market evoking sympathetic buying on the other sectors.
But some others think that the market has decided to go alone following its basic fundamentals as ‘tired bulls’ were not inclined to sit on the sidelines for an indefinite period as spectators.
Bulk of the fresh covering purchases again remained confined to fertiliser and leading oil shares, which ensure higher capital gains in normal trading sessions.
“It was a judicious blend of both local and foreign buying,” another analyst Samar Iqbal said and added “the pent-up demand dominating the market for the last four sessions is based on some sound reasoning and not guided by speculative norms.”
Leading gainers were led by Nestle Pakistan and Rafhan Maize, up by Rs138.80 and Rs110.60, while losses on the other hand were modest, prominent losers being Shell Pakistan and Gillette Pakistan, off by Rs2.98 and Rs1.99 respectively.
Turnover figures also showed a modest expansion at 53.112m shares as compared to 27m shares a day earlier as gainers held an active lead over losers at 141 to 90, with 90 shares holding on to the last levels.
The active list was topped by Engro Corporation, sharply higher by Rs4.56 at Rs100.45 on 6m shares followed by Lotte Pakistan, steady 25 paisa at Rs10.02 on 5m shares, SilkBank, easy five paisa at Rs1.63 also on 5m shares, Fauji Fertiliser Bin Qasim, firm by 52 paisa at Rs44.57 on 4m shares, Fatima Fertiliser up 27 paisa at Rs23.22,also on 4m shares, JS & Co, steady 17 paisa at Rs4.46 on 3m shares and National Bank, up 31 paisa at Rs42.50 also on 3m shares.
They were followed by Hub-Power, firm by 20 paisa at Rs33.89 on 2m shares, Fauji Fertiliser, steady 86 paisa at Rs166.03 on 2m shares and OGDC, sharply higher by Rs4.25 at Rs144.43 also on 2m shares.
FUTURE CONTRACTS: Engro Corporation also led the list of most actives on this counter, higher by Rs4.56 on a large volume of 1.870m shares, followed by National Bank, steady by 20 paisa at Rs42.60 on 1.069m shares and OGDC, higher by Rs3 at Rs143.71 on 0.637m shares.
They were followed by Fauji Fertiliser Bin Qasim, firm by 54 paisa at 44.78 on 0.608m shares and Fauji Fertiliser, higher by 81 paisa at Rs166.62 on 0.399m shares.
DEFAULTER COMPANIES: Dost Steel again led the list of actives on this counter, easy by four paisa at Rs1.12 on 9,888 shares followed by Kohinoor Industries, easy three paisa at Rs0.87 on 6,648 shares, Sairtow Spinning, lower 22 paisa at Rs1.51 on 6,199 shares and Genertech Power, unchanged at Rs0.32 on 4,506 shares.

2 Stocks added to futures market
KARACHI: Dawood Hercules Limited and Fatima Fertiliser Company Limited were added to the list of ‘Eligible Securities’ under the clause 4 (i) and 4 (iii) (a) of the Regulations Governing Deliverable Futures Contract (DFC) and Regulations Governing Cash Settled Future contracts (CSFC).

The Karachi Stock Exchange notified on Tuesday the revised list of Eligible Securities for trading in DFC and CSFC selected on the basis of uniform selection notified vide the Notice dated July 22, 2011.Three securities were taken off the list of eligibility: Nishat (Chunian); Pakistan Reinsurance Co and Nishat Power.
The revised list of 24 eligible securities, which would be applicable from the opening of new DFC i.e. DFC-March 2012 contract and CSFC i.e. CSF-May-2012 contract include the following:
Arif Habib Corporation, Attock Refinery, Bank Alfalah, Bank Al-Habib, Dawood Hercules, D.G.K Cement, Engro Corporation Fatima Fertiliser Company Fauji Fertiliser Bin Qasim, Fauji Fertiliser Company, Hub Power Company, Kot Addu Power Company, Lotte Pak PTA, Lucky Cement, MCB Bank, NBP, Netsol Technologies, Nishat Mills, OGDC, Pakistan Oilfields, Pakistan Petroleum, PSO, PTCL and UBL.
Mohammed Saleem Mansoori

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